Critical Businesses Preparedness Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3549 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3549 To amend the Internal Revenue Code of 1986 to provide critical businesses with a tax credit for electric generators placed in service in certain high risk disaster areas. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 21, 2025 Mr. Luttrell introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide critical businesses with a tax credit for electric generators placed in service in certain high risk disaster areas. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Critical Businesses Preparedness Act''. SEC. 2. CREDIT FOR ELECTRIC GENERATORS PLACED IN SERVICE BY CRITICAL BUSINESSES IN HIGH RISK DISASTER AREAS. (a) In General.--Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: ``SEC. 45BB. CREDIT FOR ELECTRIC GENERATORS PLACED IN SERVICE BY CRITICAL BUSINESSES IN HIGH RISK DISASTER AREAS. ``(a) In General.--For purposes of section 38, in the case of a specified taxpayer, the qualified disaster preparedness electric generator expenses credit for any taxable year is an amount equal to 30 percent of the qualified disaster preparedness electric generator expenses paid or incurred by the taxpayer during such taxable year. ``(b) Specified Taxpayer.--For purposes of this section, the term `specified taxpayer' means any person engaged in a trade or business that is determined by the Secretary, after consultation with the Administrator of the Federal Emergency Management Agency, as being a trad